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Small Businesses Forced to Raise Wages as Job Market Tightens – How About You?

A greater share of small companies in the U.S. are raising wages than at any time in the past three decades, according to a survey released Thursday from the nation’s biggest independent business association.

A seasonally adjusted 35 percent of small business owners reported they have increased labor compensation in order to recruit new employees or retain the ones they already have, the National Federation of Independent Business found in its May jobs report. That was the highest share since the NFIB began asking about wage increases in 1986.

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